Help clients get the maximum benefit from these accounts
The agency will also be releasing a consolidated T4 slip for FHSA account holders
The industry is still waiting for certain forms needed to administer the new plans
Clients may be eager but timing is important
Strategies to minimize tax implications, including the FHSA
It’s not too early to consider the estate implications if someone dies while holding an FHSA
The issue of what happens when an FHSA holder dies may need to be dealt with sooner rather than later, for example
The holder needs a written agreement to buy or build a home to make a tax-free withdrawal
Even homeowners can open an FHSA in some cases
Other firms are rushing to set up back-office systems and internal procedures for the account